enormous levels of non-performing loans, non-productivity. It's not sustainable. And what it's doing is forcing them to push good money after bad. So in a non-commercial financial system, one of the reasons you don't just have the thing fall over and a domino effect, it's because you can swoosh huge amounts of capital for one financial system, the other to plug holes, to make problems go away. But what that means is you're always chasing good money after bad. And you're always lowering your level of productivity compared to what you'd be doing if you just let the bad actors fail, the bankrupt firms go bankrupt, the trust products that should be not returning anything go. We can't even do that here, Leland. Hey, look, I'm aspiration. This is crazy, right? I mean, it's not, we're not even doing that here. It's not going to happen there, right? It's not going to happen there. It's not going to happen anywhere. But the difference is that during a time, at least most of the world was (50/57)
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